Invited Holdings, Inc. Announces Confidential Submission of Draft Registration Statement for Initial Public Offering to Securities and Exchange Commission
DALLAS – Invited Holdings, Inc. (“Invited”) announced today that it has previously submitted a draft registration statement on Form S-1 on a confidential basis, to the Securities and Exchange Commission (the "SEC") for a possible initial public offering of shares of its common stock. An affiliate of KSL Capital Partners, LLC is also expected to offer a portion of its shares in Invited. The total number of shares to be offered and the price range for the offering have not yet been determined.
Invited intends to use the net proceeds it receives from the offering to reduce a portion of outstanding indebtedness and for other general corporate purposes. The offering is expected to commence after the SEC completes the review process initiated by Invited's confidential submission of its draft registration statement, subject to market and other conditions.
This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About Invited
Since its founding in 1957, Dallas-based Invited has operated with the central purpose of Building Relationships and Enriching Lives®. The leading owner-operator of private golf and country clubs, city and stadium clubs in North America, Invited is relentless in its pursuit of providing extraordinary experiences, meaningful connections, shared passions and memorable moments for its more than 430,000 members. With approximately 20,000 peak-season employees and a portfolio of over 200 owned or operated golf and country clubs, city clubs, sports clubs, and stadium clubs in 27 states, the District of Columbia and two foreign countries, Invited creates communities and a lifestyle through its championship golf courses, work spaces, handcrafted cuisine, resort-style pools, tennis facilities, golf lounges, fitness centers and robust programming.
Invited properties include: Firestone Country Club (Akron, Ohio); Mission Hills Country Club (Rancho Mirage, California); The Woodlands Country Club (The Woodlands, Texas); and The Metropolitan in Chicago. You can find Invited on Facebook at facebook.com/Invited and on Twitter at @InvitedClubs.